Federal Minister for Finance and Revenue Muhammad Aurangzeb on Monday reaffirmed Pakistan’s commitment to achieving a general government primary surplus of 1.6 percent of Gross Domestic Product (GDP) under the International Monetary Fund (IMF) programme. In a written response to a questions asked by lawmakers in National Assembly, the minister outlined the fiscal measures being adopted to meet
Honda Motor said on Tuesday its third-quarter operating profit fell 61.4%, marking a fourth consecutive year-on-year decline, as U.S. import tariffs and weakening demand for electric vehicles weighed on results. Japan’s second-biggest automaker after Toyota Motor reported operating profit of 153.4 billion yen ($987.07 million) for the period, missing the 174.5 billion yen average forecast from
Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar reaffirmed Pakistan’s commitment to fulfilling all obligations necessary to expand trade with the European Union (EU) under the GSP Plus scheme. Ishaq Dar said this at a high-level inter-ministerial meeting held here on Monday to review measures aimed at strengthening Pakistan’s economic and trade cooperation with the bloc. H
Pakistan on Monday formally unveiled a $1 billion national investment plan for artificial intelligence and adopted the landmark Islamabad Declaration on Sovereign AI as the Indus AI Summit 2026 concluded at the Jinnah Convention Centre, marking a decisive shift from AI policy planning to implementation. The summit, organised by the Ministry of Information Technology and Telecommunication as the
Moody’s, the global rating agency, has changed its outlook on Pakistan’s banking system to stable from positive, while stating that the operating environment is recovering only gradually. The rating agency also forecast Pakistan’s real GDP growth of around 3.5 percent for 2026, up from 3.1 percent in 2025, while stating that it is supported by ongoing reforms that are improving confidence and g